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What is 'Fair Market Value - FMV' In its simplest sense, fair market value (FMV) is the price that property would sell for on the open market.
While every company may be unique, a companyâs total market value â its market capitalization, or market cap, for short â is widely used to create a context for judging company financial performance and business outlook. Larger companies tend to have more broadly diversified business structures than smaller firms.